|Community Right to Bid|
As you will be aware, the Community Right to Bid allows communities and parish councils to nominate buildings or land for listing by the local authority as an asset of communityvalue. An asset can be listed if its principal use furthers (or has recently furthered) their community’s social well-being or social interests (which include cultural, sporting orrecreational interests) and is likely to do so in the future. When a listed asset comes to be sold, a moratorium on the sale (of up to six months) may be invoked, providing local community groups with a better chance to raise finance, develop a business and to make a bid to buy the asset on the open market.
It is important that communities take advantage of the Community Right and register with the local authorities the buildings and/or land that they value in the community. The moratorium will not apply unless an asset has been registered prior to the decision to sell. For more information visit the Community Right to Bid website